Categories: Curiosities

15 Quick Tips to Create a Fund for Emergencies

COLLECT CHANGE

Make a change in your budgeting habits and start penny pinching. What might seem like an inconsequential penny here, or insignificant dime there, are actually missed opportunities to build an emergency fund.

 

SHAVE THE PAYCHECK

Most of us don’t have the luxury of siphoning paycheck funds to an emergency account, but saving for a catastrophe can be cheaper than you might expect. Consider this: if you save $20 a week — the cost of a modest meal out — you would save over $1,000 in a year. For the low, low price of two burritos a week, you could save yourself from potential financial catastrophe.

 

EAT AT HOME

The average meal out costs around $12, whereas the cost of a meal at home, designed to feed multiple people or one person multiple times, averages around $2. While eating out might be more convenient or fun, you stand to deposit $10 a meal into an emergency account by merely honing your cooking chops.

Page: 1 2 3 4 5 6

Easy Seniors Life

Recent Posts

10 Money Mistakes You’ll Regret in 10 Years

If you pay your credit card bills on time, have a decent credit score, and…

6 years ago

14 Hacks and Secrets for Shopping at Walmart

Walmart is known for "everyday low prices" and its famous "Rollback" discounts. But there are…

6 years ago

15 Splurges That Save You Money in the Long Run

Smart shoppers know that comparing prices to find the best deal can pay off. However,…

6 years ago

Never Make These 15 Mistakes Again While Grocery Shopping

If you want to save money on your food expenses, you’re better off preparing meals…

6 years ago

20 Tips to Live Comfortably off Just a Social Security Check

Twenty-four percent of those aged 65 and over live in families that depend on Social…

6 years ago

20 Free Things You Can Get This Summer

Summer is finally here and there are plenty of discounts and deals for you to…

6 years ago